Attacking Our Debt-Snowball

“You’ll always have a car payment,” was a comment I heard from someone a few weeks ago. I really thought about how sadly mistaken this lady was but that I thought this once too (prior to Dave Ramsey). I was amazed at how much my mindset had changed. Her comment was strange to me because we were about to finish paying off our 2002 Nissan Pathfinder. With all our credit cards paid off, we have attacked our next debt: my car. Living on the cash system only plan, and banking everything else, we were able to pay off $5,000 in the past few months.

Well the day has finally come and this morning we were able to pay it all off! My car payment is now gone. No more. Now, we have student loans and my husband’s car payment left and we will be debt free (all this totals around 25k or so). It’s hard to believe we no longer have a car payment. It feels so freeing. Jeremiah said he felt as if a huge burden had been released. I was so happy for him too because he’s been ready to attack this just as much as I have. Getting our finances straight has been a huge blessing to our marriage as well, in so many ways…

I don’t know where you’re at in your finances (there’s probably a reason why you’re reading a post on finances), but always think about where you could be and set goals to get there. Don’t allow anyone to discourage you (because there will always be those kind of people you know who say “You’ll always… blah blah blah).

I’d love to hear ways your mindset has changed in regards to finances. Are you hoping to not have a car payment one day? What things have others told you that you might have taken to heart, but knew that it wasn’t really true?

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We went to the Dave Ramsey thing at our church last year, and though we have no car payments, we’re still working on other debts. Not that they’re that huge, compared to some, but we just don’t have a lot of non-essential expenses we can cut. Our mortgage isn’t that big, either, again compared to some, and especially considering where we’re blessed to live, but I would so love to get that paid off one of these days.

Anyway, hope things are going well with your website endeavor and it’s nice to see your post pop up on my blog reader.

Very Cool! It is good to see you are sticking with your plan and beating debt. Congrats! Do something nice for each other to celebrate and then get busy on using that money to pay down more debt. You are doing great!

Congratulations! I know that is SO freeing, especially with a little boy on the way. It’s so cool that you know you’ve been living without that XX amout of dollars each month, so that can go towards another debt to double the efforts. Then think about how much you can save after that! So liberating.

Great job on paying off the car!! This will be the topic of one of my posts about this same time next year…if not sooner. I can’t wait to not have a car payment anymore. I’ve never believed the “you’ll always have a car payment” mentality b/c I actually haven’t had a car payment for 6 or so of the last 12 years. This has been partly due to some beater cars I bought in my early-to-mid twenties, but then I’ve also spent 4 years without a car while living in NYC and overseas. Of course now I have a killer car payment, but if my debt snowball stays on track, I’ll have knocked that loan out 3 years early!

About Me

I'm a former writer/editor for Bluefish TV & Rightnow.org. I'm a seminary wife, stay-at-home Momma, and freelance writer. I write articles & contribute to books on Christian living and spiritual growth.

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